Bitcoin Stable as HBO Labeled Peter Todd as Satoshi Nakamoto
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Bitcoin Stable as HBO Labeled Peter Todd as Satoshi Nakamoto

Despite HBO's insinuation in a recent documentary about the identity of Bitcoin's creator, the market remains unaffected.

Bitcoin remains largely unchanged as a much-anticipated HBO documentary proved to be a market non-event.

The documentary, which suggested that Bitcoin developer Peter Todd could be the enigmatic founder Satoshi Nakamoto, failed to stir significant market movements in the crypto ecosystem. Despite the buzz, the community has largely dismissed the claims made in the show.

The reality is that Bitcoin (BTC) has slipped just 0.4% in the last 24 hours, with other major tokens remaining stable. Sui Network’s SUI recently fell by 7%, marking a response to recent price fluctuations in the market.

Traders are currently looking to upcoming U.S. economic data, and how it may influence BTC price movements moving forward.

The intrigue around who might be Satoshi Nakamoto continues, as evidenced by the documentary "Money Electric: The Bitcoin Mystery", which ignited discussions about Nakamoto's true identity. However, the Bitcoin enthusiast community on platforms like X has largely downplayed HBO's assertions about Todd.

Notably, over $44.3 million was wagered regarding the identity of Satoshi on platforms like Polymarket, with significant interest directed towards figures like Len Sassaman and Adam Back, both prominent in early Bitcoin discussions.

In broader market shifts, Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a significant outflow, with around $18 million pulled recently, showcasing the ongoing volatility and trader sentiment surrounding crypto investments.

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